While previous governments have avoided introducing major changes in an Interim Budget, the regime at the Centre has often used this opportunity to woo voters and outline its economic policy vision for the next five years should India vote to keep it in power.

The finance ministry is mulling on a couple of measures like increasing the savings limit under Section 80C of the Income Tax Act, providing tax benefits to pensioners and lowering of interest rates on housing loans.

Earlier this month, the Finance Ministry began the budgetary exercise for 2019-20. During the process, meetings will be held with different ministries to finalise revised expenditure for the current fiscal and projections for the next financial year.